J P Morgan Chase & Co (NYSE:JPM)‘s stock had its “buy” rating reaffirmed by Royal Bank Of Canada in a research report issued on Friday.

A number of other analysts also recently commented on JPM. Keefe, Bruyette & Woods set a $96.00 price target on J P Morgan Chase & Co and gave the company a “hold” rating in a research report on Saturday, August 19th. Zacks Investment Research raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Thursday, August 24th. BMO Capital Markets reissued a “hold” rating and issued a $86.00 target price on shares of J P Morgan Chase & Co in a research report on Friday, August 25th. Vetr raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 target price for the company in a research report on Wednesday, September 6th. Finally, Jefferies Group reissued a “buy” rating and issued a $102.00 target price on shares of J P Morgan Chase & Co in a research report on Friday, September 15th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $92.18.

J P Morgan Chase & Co (NYSE:JPM) opened at $104.62 on Friday. J P Morgan Chase & Co has a fifty-two week low of $81.64 and a fifty-two week high of $108.40. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $364,078.34, a P/E ratio of 15.12, a PEG ratio of 2.28 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last posted its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. The company had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $1.58 earnings per share. sell-side analysts forecast that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.

In related news, General Counsel Stacey Friedman sold 2,099 shares of J P Morgan Chase & Co stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the sale, the general counsel now owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.88% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of J P Morgan Chase & Co by 1.5% in the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after buying an additional 3,717,683 shares during the period. State Street Corp increased its holdings in J P Morgan Chase & Co by 0.8% during the 1st quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock valued at $14,979,775,000 after purchasing an additional 1,357,194 shares during the period. FMR LLC increased its holdings in J P Morgan Chase & Co by 19.4% during the 4th quarter. FMR LLC now owns 96,587,143 shares of the financial services provider’s stock valued at $8,334,505,000 after purchasing an additional 15,715,835 shares during the period. Wellington Management Group LLP increased its holdings in J P Morgan Chase & Co by 4.4% during the 1st quarter. Wellington Management Group LLP now owns 69,735,097 shares of the financial services provider’s stock valued at $4,129,713,000 after purchasing an additional 2,936,653 shares during the period. Finally, Northern Trust Corp increased its holdings in J P Morgan Chase & Co by 1.8% during the 2nd quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock valued at $4,475,468,000 after purchasing an additional 847,463 shares during the period. 73.93% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Royal Bank Of Canada Reaffirms Buy Rating for J P Morgan Chase & Co (JPM)” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/08/royal-bank-of-canada-reaffirms-buy-rating-for-j-p-morgan-chase-co-jpm.html.

J P Morgan Chase & Co Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

Analyst Recommendations for J P Morgan Chase & Co (NYSE:JPM)

Receive News & Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related companies with MarketBeat.com's FREE daily email newsletter.